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I’ve been trading the Forex market full time for 14 years. I’ve developed a trading strategy that works consistently across all currency pairs, all time frames and at all times...
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I’ve been trading the Forex market full time for 14 years. I’ve developed a trading strategy that works consistently across all currency pairs, all time frames and at all times of the day, so there’s something that will suit you.
I can help you if you are brand new to trading or if you’ve been trading for a while and require a successful strategy with the on-going support of a full time trader.
I offer Forex coaching because I want to save you the time and money that I and so many other traders lose trying to figure out how to trade the markets. I’ve delivered my Forex coaching course to people in over 104+ Countries around the world & I would like to help you to.
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I can help you if you are brand new to trading or if you’ve been trading for a while and require a successful strategy with the on-going support of a full time trader.
I offer Forex coaching because I want to save you the time and money that I and so many other traders lose trying to figure out how to trade the markets. I’ve delivered my Forex coaching course to people in over 104+ Countries around the world & I would like to help you to.
Online Forex Trading Course
Online Forex Trading Course
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22 SEP 2024 · Why Every Trader Should Consider Using Limit Orders Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #561: Why Every Trader Should Consider Using Limit Orders In this video: 00:24 – How to best enter a new trade. 01:11 – I mostly use Limit Orders. 02:17 – The benefit of using Limit Orders. 03:53 – Other things which add to a trade setup. 05:00 – My 17 minutes Masterclass and Book a Call. 05:30 – Blueberry Markets as a Forex Broker. 06:01 – Comments, Like & Subscribe. What's the best way to enter a new trade to make sure that you get the best possible outcome? Let's discuss that really important topic and more. Right now. Hi there, Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 561. How to best enter a new trade. Today I want to talk about how you can enter a new trade and how you can get the most out of your trade by doing a few clever things. So there are a couple of options that we have, or three really. you can enter what's called a market order, which means you jump into the trade straight away, and it's what most people do. or you can use a stop order. And for a stop order, it means on a buy trade, you're buying above the current price. And for a sell trade, it means you're selling below the current price. Or you can use a limit order or a retracement order. And a limit order means on a buy limit. It means that you're buying below the current price. And on a sell trade, it means you're selling above the current price. I mostly use Limit Orders. Now, I'm a big fan of limit orders, and this how I place the vast majority of my trades. And the reason I do that is because I know that the market is not a straight line. You have a look at most charts and most markets and most timeframes, and you'll never see, a perfect straight line. You will never see a candle close and the next one just open and go in the perfect direction. Most times you will find there will be some form of upper or low wick on a candle, and there will be some form of, movement. Let's say the market's moving upwards. and a candle opens most times within that candle's, formation. Let's say it's either H4 chart or our daily chart or whatever it is. Most of the time it will go up, it will come back, it will go up again, maybe come back again, and then finally go up. so you get retracements all of the time in pretty much every market and every time frame. The benefit of using Limit Orders. And so by using limit orders, what it does is it means we get in at a better price. It means that we, on a buy trade, we see the market at a certain level. That means we have buying if it pulls back to a lower price first, and if the market then heads turns around and heads in our anticipated direction, by the time it gets to where the candle opened, you're already in good, positive territory. And by the time it gets to a profit target, you've made really good money. Now, what that does is it drastically improves the reward to risk that you get out of your trades. So go and have a look at any chart and you have a look at let's say you imagined, you took a trade at the market as soon as the next candle opens. And then you have a look at how much you're going to make in terms of your stop loss, your profit target, and the reward to risk from that trade. And then do the same thing again with that same setup. Go, okay. But if it's moving up and it's buying, what happens if I bought below the current price and I'm first, looking for the market to pull back now of course, for the limit order, you're not sat there waiting for all this to happen. You're just simply saying I'm putting a buy limiting at this price. And if the price pulls back, it gets you filled and then hopefully moves up in your anticipated direction.
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15 SEP 2024 · What Makes a Forex Trader Successful? Top 5 Traits Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #560: What Makes a Forex Trader Successful? Top 5 Traits In this video: 00:32 – My Top 5 Traits I see in profitable Forex traders. 01:22 – #1 They know and understand their strategy. 02:24 – #2 They understand money management and risk. 04:25 – #3 They are dedicated traders. 05:54 - #4 They remove emotion from their trading. 07:17 - #5 Don’t reinvent the trading wheel but be adaptable. 08:54 – My 17 minutes Masterclass and Book a Call. 09:21 – Blueberry Markets as a Forex Broker. I'm going to give you my top five traits of what it takes to become a successful, profitable and independent forex trader. So if you're not yet profitable, you need to listen to these five traits and adapt them and adopt them as part of your trading plan. Let's get into that a more right now. Hey there, Traders! It's Andrew Mitchem here, the owner of the Forex Trading Coach. For video on podcast number 560. My Top 5 Traits I see in profitable Forex traders. So today I want to give you my top five traits of where I see, profitable forex traders what it takes to become a profitable trader but also independent profitable forex trader. you know, without copying and following other people all of the time. Now of course, when people are new, it's great to be able to do that. But over time, you want to be able to do this for yourself without the reliance on another website or another person. And that's what I call a successful trader. Now, I've been trading the forex market for over 20 years full time, and I've been coaching for over 15 years. We've got clients in 108 countries right now. So I've got a fair bit of experience and I've seen all sorts of different types of people come and go, and I know what it takes to become a successful trader. #1 They know and understand their strategy. So first thing is, number one trait of a successful and profitable trader is they know their strategy there now inside out, upside down. Now they may have created it. like I did. They may have purchased it like you can do for us at The Forex Trading Coach. a proven strategy, however it happens. They know and understand that strategy. They know it completely. They know the ups and downs of it. They know all the details, but it allows them to trade with confidence, knowing that that strategy has been proven over time. And so having that complete confidence and faith in what they're doing is absolutely crucial. You wouldn't believe how many people I get come to me that have got these strategies. And I asked him a question and they don't know the answer about it because they don't really know what it is they're looking for. And so the number one trait, you have to have a strategy that suits you as a person and as a trader and your available times, etc.. That's been proven over, you know, a long period of time to work across multiple market conditions and changing conditions. So number one, confidence and ability to trade your strategy is absolutely crucial. #2 They understand money management and risk. Number two, you have to understand money management risk management. You have to trade with low risk per trade. Forget about pips like people that make x number of pips or risk x number of pips per trade. It's never going to work. You have to understand the market and you have to, trade with a stop loss. That's, correct. For that time frame of the chart, the movement in the market right now, the pair that you're trading, etc.. So when you have a trade. For me, every trade I take has a very low equal. It's a predefined risk level as a percentage of my account. And so whether my account $1,000, $100,000 or I'm trading our prop firm with half of million, it does not matter. I trade the trade.
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8 SEP 2024 · How to Fast Track Your Forex Trading Success Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #559: How to Fast Track Your Forex Trading Success In this video: 00:28 – It took me 4 years to become a profitable trader. 02:00 – We post specific trades every day based on the Daily charts. 04:52 – W1 and MN1 chart trades. 05:18 – Live weekly webinars and our Forum site. 07:02 – My 17 minutes Masterclass and Book a Call. 07:14 – Blueberry Markets as a Forex Broker. 07:36 – Comments, Like & Subscribe. Would you like to fast track the amount of time it's going to take you to become a successful and profitable forex trader? If you want to shortcut your time, listen up. I've got some great tips for you coming up right now. Hey there, Traders! Tt's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 559. It took me 4 years to become a profitable trader. Now some of you may already know my story. If you don't. Back when I started trading, it took me around four years to become what I would call a profitable trader. That's a very long time. Lots of long hours staring at the charts, lots of reading information, lots of buying different products and following people and, you know, in the early days of expert advisors and, automated systems and creating my own and creating my own manual systems and following all sorts of people. Anyway, as you know, it's a slow, long, tedious and expensive process, and all you're doing is tearing your hair out because you know that really the next greatest latest thing. Fantastic. Yes. And then it doesn't work. And I went riding around, around on the old hamster wheel for four years before I realized I needed to make this work. And I sort of stripped everything off my charts. And I started to look at price action and candle patterns and and basically developed my own strategy. Yes, I pulled a few things here and there from other people that I followed. but I basically developed something that worked for me. And to this day, I'm still using that exact same trading strategy, and it's very profitable. And over 15 years of teaching at The Forex Trading Coach, we've helped thousands of thousands of traders from now 108 countries. So, it works. I think it's worked across all market conditions and over all that length of time. So that's a great thing. We post specific trades every day based on the Daily charts. Now to help people that come on board with us, one of the things that we do here at The Forex Trading Coach is we post specific trades each day based off the daily charts. I've done this every trading day since 2010, like we stop for Christmas and Easter, things like that. But apart from that, we post specific trades every single day. We look at the daily charts when they change over, which is 5 p.m. Eastern Standard Time. That's New York time. And we then analyze the charts and we scan through all the daily charts. I mean, originally it was just a forex markets. Now we look through the metals and the indices and cryptos etc. as well. And we go through and we analyze the markets and we take trades based off those daily charts. Now each day there are no day, there are no trades, but most days they're sort of between one and maybe 4 or 5 trades. Today, for example, is just one. But it's non-farm payrolls day in America on Friday. So very cautious of what we're trading today. But we scan through the charts, we look at the patterns that we're looking for and we say, here's a trade. And we're saying here's the currency pair, that we're trading, the direction we're trading. And then a paragraph of reasons why 4 or 5 lines of why we are taking that trade based off all the things that we we know and we teach as part of the strategy, we also put the exact entry and exit levels that we're taking.
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1 SEP 2024 · Drinking and Trading Coffee Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #558: Drinking and Trading Coffee In this video: 00:26 – The price of our morning coffee. 01:08 – We can now trade these commodity markets. 02:06 – Taking a buy trade on Orange Juice. 02:32 – Lead, Copper & Aluminium traded this week. 03:09 – Cryptos are traded 7 days a week. 03:40 – Book a Call and talk with us. 03:51 – Watch my Masterclass. 04:09 – Blueberry Markets as a Forex Broker. 04:23 – Comments, Like & Subscribe. How do you know when the price of your morning coffee is going to increase? Well, as a trader, we can help you to predict that. But more importantly, also how to trade coffee. Let's get into that a more right now. Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach video and podcast number 558. The price of our morning coffee. I want to talk about coffee. How do you know when the price is going up? Because it affects us all every morning when we have a coffee. Well, the obvious answer to me as a trader is to look at your charts. When the beauty is over the last number of years that not only have we been able to trade more and more forex pairs, but we've been able to trade other markets such as like commodities and coffee. So the coffees that I have available on my MT5 platform, there are two of them. There are COFARA, which is the Arabica Coffee, and the COFROB which is the robusta coffee. And we can also trade sugar and raw sugar as well. So all these things combined to see if they're moving up. The likely hood is the price of your coffee is going to go up isn't it. We can now trade these commodity markets. But more importantly for me as a trader is I can now trade these markets. And the beauty of the way that I trade and the way that we teach, is that the strategy works equally as well across these other non forex markets, just as well as it does trading the EUR/USD or the GBP/USD or the AUD/JPY, we can trade the coffee markets, the sugar markets exactly the same. So that gives us more and more ability to look for the patterns that we're looking for on various charts. Now I would say one thing that with a lot of those markets, like the coffee trades, is that they don't all, have a 24 hour market. So they do need to be careful of that. And some of them, due to the nature of, their market hours. And when they open, they can have some gaps. So you do need to be careful of that. They're not quite as, perfectly formed as candle patterns. Then when you get on the forex markets. Taking a buy trade on Orange Juice. But just today, being Friday, the, 30th of, August when I'm recording this video on podcast for you, I've taken a trade on orange juice. Now, when the market opens, I'll be taking a by trade on OJ. So you can go and have a look at that on your daily charts. Now, if there's a large gap up or down, then the trade becomes invalid. But right now is a candle pattern for me. Orange juice looks fantastic. Lead, Copper & Aluminium traded this week. Just this week I've taken trades on different time frame charts, on lead, on copper, on aluminum or aluminum if you're in the US. On different markets like that. And so we have the ability to trade those commodities, those metals. we've got a client of ours to incredibly well trading the NASDAQ on the one and five minute charts. I don't think it's for everybody, but it just works for him. And he's doing incredibly well and posting trades on our forum site on that. we can trade other markets such as the indices and the commodities. Now the great and the cryptos, I should say. Cryptos are traded 7 days a week. And the great thing is with the cryptos is they are seven days a week. So you don't get those big gaps that you can sometimes get in the comm...
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25 AUG 2024 · Why you should never risk ‘x’ number of pips per trade Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass Click Here to Download my Lot Size Calculator #557: Why you should never risk ‘x’ number of pips per trade In this video: 00:30 – Every trade you take should have the same percentage risk. 01:49 – Use my lot size calculator. 03:20 – Your losses are equal on every trade. 04:17 – Compounding on your gains. 05:10 – A 90% winning trader who loses money. 06:05 – View my Masterclass. 06:24 – Book a call to chat with us. 06:32 – Blueberry Markets as a Forex Broker. Today, I'm going to explain why every trade that you take should have an equal percentage risk of your account. It's really important you get this right and it will massively help improve your trading performance. So let's get into that a more right now. Hey traders! Andrew Mitchem here at The Forex Trading Coach. with video on podcast number 557. Every trade you take should have the same percentage risk. So today I'm going to explain to you why every single trade that you take, regardless of the currency pair or the direction or even the market or what time frame you take the trade on and what the size of stop losses. It doesn't matter. Every single trade that you take should have the same risk. It's really important to do that and not many people understand why. So let me explain more. You see, when it comes to risk, a lot of people think that they should risk x number of pips per trade. Downside of course, to that is a pip is meaningless. It doesn't mean anything at all. It depends on what time frame trade you're on. you know, you could have a, you know, huge stop loss in terms of pips on a weekly chart and very small on a five minute chart, for example. And the danger that is people go, I can't trade a weekly chart because I need to take too much risk. The other type of trader out there will say, I'm going to put one standard loss on, or 0.5 or 0 point 1 or 0.01, whatever it is, depending on the size of your account. And you do that on every single trade. But of course, if you understand trading, you realize that each currency pair, if we're talking forex, pays a different amount per pip of movement depending on what, the pair is and what your own account denomination is. As well. So there's flaws to both sides of those. Use my lot size calculator. If you use my lot size calculator and I'm going to put a link to it if you don't already have it, it's available free of charge. It's on MT4 or MT5 is a trading script. All you do is you download that, put that on to your trading platform. Simple to use. You literally can do it in like 10 seconds. Drag the script on to the chart you are wanting to trade. The script will know what that currency pair is or what that market is. It also knows the balance of your trading account, and it also knows what your account denomination is in what currency it's in. It could be New Zealand dollars or US dollars, a euro, yen, whatever it is that you are trading on your account. So it's a very clever, simple script. You literally drag it onto the chart. You enter the size of the Stoploss and Pepsi, delete it. Just quickly calculate that it's real easy to do of each trade that you take, and the risk that you're taking, it's defaulted to half a 1% risk. That's what I suggest you do. But you can change that around a quarter percent, 2%, whatever it is you want. But you literally drag the script on. You enter the stop loss of the of the trade. You say it's like 55 pips, you've got a 0.5% risk. Press okay. And it will tell you the lot size needed on that particular trade. So if you're trading that currency, pair with a 55 pip stop loss on your account and the trade goes against you, you will lose in this case half of 1% of your account.
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18 AUG 2024 · How to Read the Forex Charts like a Pro Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #556: How to Read the Forex Charts like a Pro In this video: 00:29 – How to look at your charts and understand what is happening. 00:46 – Brokers offer too many flashy indicators. 01:31 – The problem. 03:15 – Which time frame chart to use. 03:47 – 10 Daily trades taken today. 04:42 – Blueberry Markets as a Forex Broker. 04:52 – Masterclass and book a call with us. 05:19 – Comments, Like & Subscribe. 05:26 – Summary. In today's video and podcast, I'm going to give you some helpful information and tips on how you can best read the Forex Charts. To help you to profit in your trading. Unfortunately, most people get this wrong, so listen up. It's going to be a good one. Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach for video on podcast number 556. How to look at your charts and understand what is happening. Today, I'm going to give you some helpful tips and information to help you to look at your charts to understand what it is that you're looking at, what time frame you're looking at, what pair you're looking at, what's happening in the market, the price and which way it's likely to move too, and why and how you can profit from that. Brokers offer too many flashy indicators. You see, when most people start trading, they jump on to their charts. The brokers are fantastic at offering you lots of indicators, lots of arrows, dot, lines, diamonds, stars, whatever it might be. And people get completely and utterly confused by that. They also get very excited by that as well. And I know when I started some 20 years ago, I did exactly the same. I don't blame anybody for doing it. We all go through the same process. It's just that my aim as a coach is to help shortcut that for you and take away a lot of that that time wasting and money, losses and frustration that you'll inevitably have otherwise. Because I've been there and done it and I've taught thousands of people have also been there and they're doing it. The problem. And now the problem is, is when you put arrows and lines and indicators on your chart, it hides what's really happening in the market and it takes your mindset away from what's really happening and how many of you never look at the price. I bet it's I bet you're nodding and going, Yep. Andrew, That's me. I never look at the price. Well, you should. You've got to look at the right hand side axis on your chart and look at what's actually happening in the market right now where the price of that currency or commodity, metal, whatever it is that you're trading is at right now, what is the actual price? And that level can be massively important to help you either to get into a trade and has some stop loss protection or to get out of a trade or to say, well, this is actually quite a nice set up, but the price is telling me this is not a actually a good enough trade to justify placing money on. You've got to look at what's happened in the in the past with the price as well. And and where like I use candle patterns to help determine what's happening in the market. Candles are fantastic because they're up to date information. They tell me what's happening right now. Are there more buyers in the market? Are the more sellers is there indecision? Has that candle pattern bounce to the level in the past and what happened at that point and are we getting a similar pattern right now, a same level that's going to help me to determine if there's a good enough trade. However, you can't just say, look, every pinball or engulfing bar is a new trade. You then need a lot more information than that. That's your starting point. Look at the price. Look at where it's bounce.
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10 AUG 2024 · What has caused the large recent moves in the Markets? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #555: What has caused the large recent moves in the Markets? In this video: 00:25 – Big recent moves in the markets. 01:05 – Clients are making excellent returns. 03:15 – The recent moves. 04:00 – I look at charts and remove emotion. 04:43 – Trading with the longer-term trend helps. 05:22 – Blueberry Markets as a Forex Broker. 05:27 – Join my 17 minutes Masterclass and Book a Call. 06:25 – Comments, Like & Subscribe. So what's cool is the big moves that we've seen across multiple markets over the last few weeks. Let's talk about that important topic more right now. Hey traders! it's Andrew Mitchem here at the Forex Trading Coach with video on podcast number 555. Big recent moves in the markets. Now you'd know if you've been following the forex market or many of the other markets around that over the last few weeks, we've seen some quite amazing moves. we've seen the yen strengthen. We've seen a lot of the indices crashing. We've seen a lot of the, cryptos dropping. In fact, Bitcoin in about a week or so dropped some 30% in value. And we've seen like the yen pairs with the yen been the strongest. It's been for quite some time. A lot of yen pairs like the AUD/JPY, NZD/JPY, just, you know, just dropping and it's been some quite incredible moves. Clients are making excellent returns. Now, if you've been following my recent videos and podcasts, you've noticed that last week I talked about Hamish, a client of asset made an amazing 53%, return on a live account in the month of July. And the week prior to that, I talked about how we made a 13.2% account gain. Now, a lot of that was, placing some daily and weekly and monthly charts. so we saw all of this coming in advance. And if you go back and look at what I talked about a few months ago, if we're looking at monthly charts and then also some weekly charts, we saw this happening on the charts. So it comes as no surprise, to us whatsoever that these moves have happened. Now, I did a podcast, with a trading battle group a few months ago, about three months ago. And I said that the likes of Ethereum, I was looking for a longer term to be dropping and also Bitcoin. That's exactly what we've seen. So how did I know that back then when I looked at the longer time frame charts and we use our analysis to suggest that this is where it's tipping over and this is likely where it's moving to and, and why we don't always know when and how quickly it's going to get there. But we know quite likely it's going to move in this direction, is likely to move to that area. Now, that information to have in the back in mind as a specific trade or just in terms of general information is absolutely crucial as a trader. And so having that information, but also being able to make that assessment, don't forget when everything's moving up and up and up and up and going crazy. And with that going, it's now time to sell. We're looking for a retracement. And then looking at the price to then drop. Sometimes you feel a little bit kind of a little bit alone, a little bit there by yourself because everybody is saying its going up and up and up and where I'm going. Well everything's telling me that things are likely to drop and to go all the way down there, which at the time seems like a crazy low price when the market's doing the opposite. And that becomes the, I suppose, the importance of understanding chart patterns and looking at what's happening and why. The recent moves. Because when it comes to what's happened in the last few weeks and the whys to that, it's like, well, a lot of that is fundamental news.
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4 AUG 2024 · Trader makes a whopping +53% in one month Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #554: Trader makes a whopping +53% in one month In this video: 00:30 – Trader makes massive gains in July on his live account. 01:50 – Trades taken on various time frame charts. 02:24 – Taking his time to learn the strategy first. 03:27 – Don’t expect instant results. 04:36 – My 17 minutes Masterclass and Book a Call. 05:09 – Blueberry Markets as a Forex Broker. 05:42 – Comments, Like & Subscribe. Today I'm going to talk about a trader who has just made 53% in the month on his live account. Let's talk about that a more right now. Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video in podcast number 554. Trader makes massive gains in July on his live account. So I want to talk about a client of ours called Hamish who, lives here in New Zealand. He joined us, some ten months ago back in September 2023. And we're now into August. Now, back in July, last month, he opened a live account with just over 5500 dollars in that account. And he's just sent me, the PDF file here from his, BlackBull the broker, a live MT5 account that he's got here. the account in U.S. dollars, he started with $5,575 was his deposit. He has gone and made, almost $3,500. Now, that represents a 63%, account gain. but on close trades, he's currently when he sent me this earlier today on 53.14% on closed trades. So he's got roughly 10% open. on or profit on open trades, but a massive 53% gain in the one month on the live account. Now that has to be, you know, a fantastic achievement. And, the profit factor, which is an important measurement, is 2.44. And his average hold of the trade is one day, 13 hours and nine minutes, according to the stats on here. Trades taken on various time frame charts. So of course, that will have some, longer time frame charts, such as maybe like a monthly chart or a lot of weekly charts that I've talked about that we've taken here at The Forex Trading Coach on the last couple videos and podcasts, if you've not seen them, go and watch number 552 and 553. Or listen, if you're on a podcast and I talk about those trades on the weekly chart. So they've helped Hamish, a lot as well. Plus we've had some very good daily chart trades and a lot of, especially 12 hour chart trades done. Incredibly well, done very, very well out of those. Taking his time to learn the strategy first. But my point being is he joined us ten months ago. So he's taken nine months to go through, ask questions, attend the webinars, post trades on our forum site, which he does, you know, continuously ask questions and has practiced on, a demo account. And now he's completely ready. And yes, we've had a great month of trading conditions in July. Absolutely. Yes. He's probably taking a higher risk than I might personally take and said yes, but after all, it's his money, his decision. But the proof is that on close trades, he's made 53.14% in his first month on a live account with about 10%, gain running now into August on open trades. Absolutely fantastic. And see all the results here. well done. Hamish. great to see your effort on investing in yourself into the course and your time, is paying off and that again comes back to, what I talk about continuously is. Don’t expect instant results. Don't expect instant results. you know, don't expect to buy yourself your own private jet within the first 2 or 3 weeks. Take your time, do your homework, do the training, the learning. The Demo accounts more Live account. And like, where does Hamish want to take it from here? I don't know, I'm going to go and ask him. but he might have more funds to add to this. He might be on prop firm accounts.
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28 JUL 2024 · We’ve Made a +13.2% Account Gain This Week Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #553: We’ve Made a +13.2% Account Gain This Week In this video: 00:30 – A +13.2% account gain in the week. 00:40 – Other investment choices. 02:32 – You should be in control of your future. 03:17 – Trading results this week. 04:35 – All trades posted on our membership site and forum site. 05:11 – Join my free Masterclass 05:32 – Blueberry Markets as a Forex Broker. 06:02 – Course details are here https://theforextradingcoach.com/online_video_coaching_forex_course/ 06:25 - Comments, Like & Subscribe. We're having a fantastic trading week with so far a 13.2% account gain. Let me share details about that, how we've done that and how we can help you to do the same. Let's get into that email right now. A +13.2% account gain in the week. Hey, the Forex traders, Andrew Mitchem here at The Forex Trading Coach with video and podcast number 553. That's right, A 13.2% account gain on one account, 3% on another account. I'm going to share details about that with you very shortly. Other investment choices. But on Wednesday, I attended my local weekly business morning breakfast group that I go to. And on that I was talking about investment choices that people have, and I was writing it to what I do here with my own trading and that the Forex trading coach where we help people to trade. And I was giving people a bit of an outline and say, look, what options do you have as an investor or to create some form of income. Now one of the obvious ones here in New Zealand and in many parts of the world is rental properties and just properties in general, whether it be housing or commercial or land, whatever it might be. The and there are many positives, of course, some of the obvious downsides right now is generally interest rates are pretty high around the world. And also it's probably a slower gain today. And also you need a large amount or most people need a large amount of debt, take it on with borrowings in order to get into any form of rental property, let's say. So pros and cons to that, like there is with everything, you know, I mentioned things like you could get into artwork and collecting things, you could get into share trading, but a lot of that, you know, you don't have leverage and you generally buy something and kind of hold and hope it goes up for a long term. So potentially there are some options there for people, but it's not that exciting for a lot of people. And you can look at fund management, and I was explaining about a fund management company that's based here in New Zealand, and they have a branch here in Nelson where I live, and I looked on their website just before going to that meeting and I looked at their five year average is under 2% gain per year on their five year rolling average. Not very exciting. So handing all your money over to someone else is also not a great option in most cases. You should be in control of your future. And so it came down to how important is it for you to be in control and in charge of what you do with your money and to have that knowledge. So as you know, the phrase knowledge is power. And it's so true. You know, if you end up doing what most other people do, you'll end up getting what most people other people have, which a lot of people is not a lot. And so you've got to think differently. You've got to have some form of knowledge, some some power for your own choices. And knowing what to do with your funds is quite important. So it came all the way back down to how important is it for you to know this for yourself? Trading results this week. And that's where we come in a forex trading coach that give you these examples of t...
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21 JUL 2024 · Avoiding Confusion In Your Trading Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass Click Here to Check Out Other Recommended Brokers #552: Avoiding Confusion In Your Trading In this video: 00:28 – Confusion with time frames and when to trade. 00:58 – Too many indicators. 01:44 – Trade the same strategy across all time frame charts. 02:06 – Trade examples from this week. 06:19 – Blueberry Markets as a Forex Broker. 06:42 – Get onto my Master Class 06:59 – Comment, Like & Subscribe. Today, I'm going to explain the importance of looking at multiple timeframe charts as a forex trader and how it can massively help increase your returns. Let's get into that more right now. Hi there, traders is Andrew Mitchem here at the Forex Trading Coach with video and podcast number 552. Confusion with time frames and when to trade. I find a lot of people come to me before they join as a client and they say, Look, I'm just confused. I don't know what to trade, when to look at my charts. I don't know what timeframes to look at. I could look at like a daily chart and it's telling me the EUR/USD is going down. I look at a one hour chart and the EUR/USD is going up. I completely lost. I don't know what to do and I get it because we've all been there. You know, everybody started with that confusion. Too many indicators. I had an email just yesterday actually, from someone who's brand new saying he opened a demo account and he couldn't believe how many indicators there were on the charts. And I went back to him and said, Look, you've got to understand that that looks really cool, real flashy. 99.9% of them are just a waste of time anyway. But you can see how people get into that confusion when you start off it all looks very easy. You're looking at hindsight. You see this line cross over that line and I took it buy trade there. I would have made all this money. Reality, of course, is vastly different because, you know, the market doesn't move like that. And and hindsight's a wonderful thing. Taking a trade in real time is completely different. So that all comes back to talking about today's topic of different timeframe charts. Trade the same strategy across all time frame charts. You see, the way that I trade is we trade the same strategy. The same logic, the same approach to any timeframe chart in any market. And what that means is you can go and look at your charts at the close of a candle issue. You know exactly when to look at your charts and make your analysis of Is there a suitable trade, yes or no? Trade examples from this week. Now give you some real time examples. Right now I have a sell trade on Copper (XCU). Copper on the monthly chart. And we are now in July on the close of the June monthly chart on Copper and we saw a bearish set up as a reversal trade. We've taken a sell trade on copper that's going really nicely right now. So that's the longer term perspective. This week I've taken six trades on the weekly chart trades predominantly looking for yen strength and they've retraced beautifully and now those pairs are heading downwards because we're looking for, as an example, like the CAD/JPY, you know, we're looking for that to drop with strength in the Canadian. And so that's the bigger picture. We've taken some monthly charts, we've got some weekly charts today, been Friday, the 19th of July. I've actually taken five trades on the daily charts, one on the sorry, two on the 12 charts and one on the eight hour charts. So I've got a trace that I've just taken just now. The beauty of that is they're all taken at exactly the same time after the change of day 5 p.m. New York time. So 6 p.m. by the time that we've taken and looked for the analysis and spreads have dropped. I've just taken those five daily chart trades,
I’ve been trading the Forex market full time for 14 years. I’ve developed a trading strategy that works consistently across all currency pairs, all time frames and at all times...
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I’ve been trading the Forex market full time for 14 years. I’ve developed a trading strategy that works consistently across all currency pairs, all time frames and at all times of the day, so there’s something that will suit you.
I can help you if you are brand new to trading or if you’ve been trading for a while and require a successful strategy with the on-going support of a full time trader.
I offer Forex coaching because I want to save you the time and money that I and so many other traders lose trying to figure out how to trade the markets. I’ve delivered my Forex coaching course to people in over 104+ Countries around the world & I would like to help you to.
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I can help you if you are brand new to trading or if you’ve been trading for a while and require a successful strategy with the on-going support of a full time trader.
I offer Forex coaching because I want to save you the time and money that I and so many other traders lose trying to figure out how to trade the markets. I’ve delivered my Forex coaching course to people in over 104+ Countries around the world & I would like to help you to.
Information
Author | Andrew Mitchem |
Organization | Andrew Mitchem |
Categories | Investing |
Website | theforextradingcoach.com |
info@theforexxtradingcoach.com |
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